Reuters: David Einhorn Has Dropped Apple Lawsuit

By Brendan Conway

Reuters is reporting that hedge fund manager David Einhorn’s Greenlight Capital dropped its lawsuit against Apple (AAPL) now that it has won the day on the shareholder vote we wrote about last week:

The lawsuit’s withdrawal, disclosed in a court ruling, closed the chapter on what was the strongest challenge by an Apple investor in years. Einhorn, leading calls on Wall Street for Apple to share more of its $137 billion in cash, wanted it to issue what he called “iPrefs,” or preferred shares with a perpetual 4 percent dividend.

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There are 7 comments

MARCH 1, 2013 12:53 P.M.

Bob wrote:

That's because after listening to Tim
Cook and see the stock price, he sold
everything. Tim Cook will kill Apple.

MARCH 1, 2013 1:13 P.M.

Larry wrote:

Tim Cook has his head up his as- $300M
for his performance. Keep on paying him
you fools.

MARCH 1, 2013 1:34 P.M.

John P. Walker wrote:

Dear Apple Executive Team, please pull your thumbs out of your #$%$#....you've lost over $200,000,000,000 in market cap in only a few months. That's not a record to be proud of.

MARCH 1, 2013 2:35 P.M.

Thomas wrote:

Hey Tim Cook: You have ruined the most powerful company in the world and you did it in 6 months! Your clearly out of your league and the Apple Board, which remains sleeping, should all be fired along with you. This is an absolute disgrace to every Apple shareholder and Employee what you have donr to this company. The Harvard Business Review is licking their chops to get this case of management disaster added to their programs this year. You and the Board are a F Joke. Do the right thing, resign, take your billions in stock options, and get the F away from Apple.

MARCH 1, 2013 2:49 P.M.

Chen wrote:

The only silly side show happening now is Google and Samsung executives in tears laughing watching Apple die at the hands of Cook. Don't laugh to hard people.

MARCH 1, 2013 2:53 P.M.

Yvon wrote:

Tim Cook can stick his Iphone, Ipad,Ipod, and Iwatch up his IAs-.

MARCH 2, 2013 3:42 P.M.

Tom wrote:

He is no fool. After listening to Cook and
seeing how Apple goes about supporting
shareholders, he realized it's a lost cause. He
sold all his shares. Can you blame him?

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